This section is located toward the end, but it is all worth reading. The idea proposed is that we need to get all those people who are fiscally
prudent in America, who bank with the most insolvent institutions(i.e. the ones who received bailout money for their misdeeds), and convince them to
move their money into small, local banks that never made a bad loan. There are thousands out there, probably in many of the towns and cities in which
you live.

If enough people do this, these banks will die slow deaths, and their power will be taken away. A very empowering concept for those who have been
smart with their money.

Well, you could do like I do, Not get into debt in the first place...lol, well except the two payments I had left on my vehicle that I defaulted on,
but that was very miniscule amount they probably got back when they resold the vehicle, I'm sure, but have no incurred debt for the last about 8
years. Thank God for Charity care though, Or I'd have some debt.

I agree, the first step in getting out of debt is not creating any new debt. I have proudly gone hungry and walked - because I was out of gas - before
I would put anything on a credit card or even borrow from my parents. Things are much better for me now, but it's easier to go "without" when you
know you're working towards a greater good. I urge everyone, stop borrowing now. I laugh at those who say you have to have some credit to maintain
your credit score. I don't need a credit score because I will not borrow - ever.

You know what the biggest item in the Royal French Govt's budget was in the 1780s right before the French Revolution? It was interest payments on
debt owed. We are heading fast in that direction ourselves.

I encourage everyone to study the French Revolution for several reasons:

1)Its a model of a highly indebted collasing government and ensuing chaos and anarchy.

2) After the 30 Years War, France became a unipolar "hyperpower" in Europe because all the other contenders were wiped out by the horrors of that
war, from which France had remained aloof. The result was imperial overstretch and a number of expensive, cumbersome wars in far-flung parts of the
world, funded mostly through debt.

I can't argue this from an Obama supporter's side. I try to understand their side, but I can make neither heads nor tails of it all. I was not a GHW
Bush supporter . Something slimy about him. A kind of sissified tough guy I thought. Didn't sit well with me. Clinton? Yikes. Another slimeball.
Actually quite a toad. GW Bush? At first I gave him a pass. He didn't seem slimy. He was "folksy" and I hoped for the best. Oops. What a sleaze bag
her turned out to be. And now Obama, I saw he was a well spoken and a much loved creep. Yuck. I like to think that Obama means well, but something
just tells me this is not so.

I ask my sisters and mom, what do you think about this stuff Obama is doing and they say in unison, "He's great! He talks good. He's trying and
damn that Bush he spent more money in his 8 years than all previous presidents combined. Somehow it will all work out. He means well. It's not his
fault. He was thrust into this dire situation"

Uh, yeah. I came upon a problem in the 1970's. I bought a car and I couldn't pay for it because I lost my job. Um. No, I didn't borrow more money
to pay off the loan for the car. I willingly gave up the car and got a good deal out of it. I know, this is not the norm these days, but all I had to
do was give up the car and all was forgiven.

There's a saying that when you find yourself digging a hole, you eventually have to stop digging and find your way out of the hole, that doesn't
include digging yourself deeper. It's freaking common sense. Something that is too uncommon these days.

I, too, would love to hear intelligent responses from our present government supporters for all this way out of control spending.

By the way, Germany's leader is now saying she wants to lower taxes. You get growth from more money in people's pockets than in government
coffers.

The intent of this thread was really to discuss the possibility of a movement of banking consumers to remove their money from the big banks and put it
into the smaller, more fiscally responsible local banks. The article does give an interesting analysis of the governments numbers that they are
projecting. It's almost laughable that they think any of this creative accounting will work.

This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.